Global shares edge higher, US yields fall as strong earnings allay election worries

Quick Summary:

NEW YORK :Global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while U.S.

Treasury yields and strong corporate results allayed worries over upcoming U.S.elections and interest rate cuts.

The 10-year Treasury yield has been rising in recent weeks partly because both candidates in the U.S.presidential election are keen on spending money, which will widen the deficit, said Mark Malek, chief investment officer at SiebertNXT in New York.

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Category: EconomyBusiness

Markets: SingaporeIsraelJapan

Topics: Three Lower Elections Rose 10-year Losses Cent Higher Yields Farr Fell

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 23:41:05 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 672 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23230954

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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